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20130121
20130129
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KPIX (CBS) 25
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English 25
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CBS
Jan 23, 2013 5:30pm PST
by bloomberg, 36% said america's fiscal woes are the biggest threat to the world economy, more than the 29% who named the european debt crisis. anthony mason is attending a meeting of world bankers in davos, switzerland. >> reporter: how strong do you think the u.s. economy actually is right now? >> i think the u.s. economy wants to be strong. >> reporter: but mary callahan erdoes says the bickering in washington is holding it back. erdos is one of the most powerful women on wall street. as c.e.o. of j.p. morgan asset management, she presides over $1.2 trillion in investments. >> the u.s. has to realize it's got so much going for it. let's just get ourselves to come together as a team, one team running that country, helping to get itself back on stable footing which then cascades to the rest of the world. >> reporter: how much does it hurt the economy if we don't confront this? >> it hurts us tremendously. it hurts the confidence of the u.s., it hurts the confidence of the c.e.o.s to know how do i invest? what are the rules going to be? and we've got to get back to believing that business is go
CBS
Jan 27, 2013 6:30pm PST
? >> it is good for the economy. absolutely it is good for the economy. you know, there is a relationship between mood and spending. when people feel good they spend a little bit more. >> they feel good right now. >> they feel really good right now. very excited right now. >> reporter: there are the obvious things that my off of the shelves here like t-shirts and anything that helps folks identify with the 49ers. an estimate that fans national he will spend $11 billion on super bowl-related punches including beer and 5 million new television set fist. >> in general, san francisco -- television sets. >> in general, san francisco is an optimistic place and it is good for consumer spending. >> reporter: then, the stuff fans do while watching the game like consuming chicken wings, 8 million pounds of chips and another 8 million pounds of avocados. >> when we are in a situation like this that is just gripped the emotions of the entire city, really, nobody is left behind. everybody in some way is effected by this. and everyone gets involved. it is pretty m
CBS
Jan 27, 2013 11:00pm PST
? >> it is good for the economy. absolutely it is good for the economy. you know, this is a relationship between mood and spending. when people feel good they tend to spend more. >> they feel good right now. >> they feel really good right now. very excited right now. >> this are are the obvious things that fly off of the shelves here in san francisco like t-shirts and anything that helps folks identify with the 49erss. an estimate that fans nationally will spend $11 billion. including 51 million cases of beer and 5 million new television sets. >> in general, san francisco should be a little more active, lively, optimistic mace. all of those things are good for consumer spending. >> reporter: then, the stuff fans to well watching the game. consuming 125 million pounds of chicken wings. what is the psychology behind that? >> when we are in a situation like this that is just gripped the emotions of the entire city, really, nobody is left behind. everybody in some way is affected by this. >> reporter: and intangible pay offs like the image of america
CBS
Jan 25, 2013 7:00am PST
minneapolis. >>> from weather to the economy, you hope the world economy is on wall street, but now in switzerland. many are in davos for the annual world economic forum but this year their focus is not on europe. anthony mason joins us from davos. anthony good morning. >> reporter: good morning, charlie. maybe it's the bracing mountain air but there's been a pronounced mood swing in davos. 12 months ago it looked like the financial collapse in europe could lead to a global recession. what a difference a year makes. in the hallways and meeting rooms of the world economic forum where top bankers, business leaders and politicians come every year to swap intelligence there's a sense the global economy has finally turned a corner. as ken frazier, ceo of pharmaceutical giant merck. >> i think the u.s. economy is poised to take off. i think it's been through some tough times. i think it's the strongest economy in the world. >> reporter: the imf forecasts the global economy will grow 3.5% this year a healthy number, and if there's debate about how soon things will ge
CBS
Jan 28, 2013 4:30am PST
billion on super bowl purchases from t- shirts to tv sets to beer. >> it is good for the economy,absolutely. there is a relationship between mood and spending and when people feel good they spend more. >> they feel good right now. >> they feel really good right now. very excited. >> reporter: people in san francisco are feeling good with the 49ers heading to the super bowl for the first time since 1995. psychology suggests that winning fans are big spenders and that means a winning season and winning the super bowl would be good for the economy in the bay area. live in san francisco, elissa harrington, cbs 5. >> thank you. >>> before the 9ers landed in the big easy, they got a ceremonial sendoff in the south bay. they bored a delta charter in -- boarded a delta charter in san jose yesterday for the ride of their lives. fire trucks bid the 9ers good luck and fair weather. fans showed up to show their support outside the 49ers facility in santa clara. decked out in 49er gear fans waited to catch a glimpse of the players as they drove by. colin
CBS
Jan 25, 2013 5:30pm PST
talking to are more optimistic about the u.s. economy. here's what ken frazer, c.e.o. of the pharmaceutical giant merck, had to say. >> i think the u.s. economy is poised to take off. i think it's been through some tough times. i think it's the strongest economy in the world. i think the big challenge for us is to come up with long-term solutions to the debt and deficit situation that will create greater certainty for people to make investments. >> reporter: the c.e.o. of j.p. morgan chase, jamie dimon, said here in davos that he thinks the table is set now for strong economic growth in the u.s. the c.e.o. of coca-cola told me here "we're still walking on ice" but if his words "everyone now believes the ice is going to hold." >> pelley: but, anthony, the last financial catastrophe was because a bubble burst. and what are the chances this is a bubble in the stock market? >> reporter: well, i think scott, some people are concerned the market may be getting a little ahead of itself here, that ordinary investors are rushing back in. but it is fueled by some very encou
CBS
Jan 21, 2013 7:00am PST
a great deal of work to be done on the economy and a great many other things. nora o'donnell, the co-anchor of "cbs this morning" is down on the national mall and she has insight on what the president is looking to in a second term. >> that's right. on a day like this when most americans have expressed their frustration with washington, political leaders, this is day that we see hundreds of thousands of americans turn out to witness this piece of history. every second-term president since dwight eisenhower has had to deal with an opposition party in congress. that's nothing new that president obama is facing in this second term. but he's going to try and capture i think some of the magic of bipartisanship on a day like today. trying to put it in a bottle. because he really has a very ambitious agenda for his second term. we have heard him talk about it. gun safety, immigration reform. deficit reduction and those looming spending cuts that are a part of the sequestration. so that's lot before the president. but as major has noted this is a speech today that's not about specifics, but
CBS
Jan 28, 2013 7:00am PST
could be the longest u.s. great recession but others warn the economy is still shaky. we're pleased to have him here. welcome. >> thank you, charlie. >> i hear from davos where there a's a lot of smart people i hear the economy is very fragile. on the other hand they're looking to america to have a good rekonkry. >> we're in a better place than the rest of the world. the euro crisis is not over although it seemed to have been abated. that's going to keep happening. the chinese economy is in bigger trouble than it's been in a long time. so that's worrisome. and so in the u.s. the real problem ultimately is a political problem because our economy is slowly recovering. things are starting to turn around and what could spiral us backward really is if one of these upcoming fights on sequestration or the next debt celling, ceiling, you know, finally causes it to -- >> that is sort of baked in the cake. everybody expects they're going keep kicking it down the road. why, then, do we have a surge in stock market? >> one is that corporate profits are very good. but don't
CBS
Jan 28, 2013 6:00am PST
, bragging rights. winning is good for the morale of the people who live here and also for the economy. so just a few more things to cheer for this super bowl sunday. elissa harrington, cbs 5. >> thank you. lawrence, i have to tell you, i collected some beads for you the last couple of days. >> how did you get those, michelle? >> i'm not telling t [ laughter ] >> it's a secret. >> we'll talk about that when you come back. glad you're having a good time. we'll have more reports from michelle all week long. headed out in the bay area today, got some changes coming in our direction. high pressure beginning to build in. a hi-def doppler showing things are calming down rain wise. we had showers over the weekend but not now. over the bay a couple of clouds out there and a mixture of sunshine in the afternoon. winds kicking up at the coastline. temperatures in the 30s and 40s right now. toward the afternoon we are going to see plenty of sunshine temperatures still cool but seasonal for this time of the year. 56 morgan hill. 59 pleasanton. 57 antioch.
CBS
Jan 23, 2013 12:00pm PST
the 9ers and ravens playing in the super bowl is great for fans and for the new orleans economy. two weeks out jackson square is almost transformed. small businesses especially local breweries are getting ready for the influx of fans and media. the game is expected to bring some $434 million to big easy businesses. >>> the bowl means big best for farmers, too. the national chicken council estimates americans will consume 1.2 billion chicken wings during that big game. right now, wings are fetching their highest price ever just over $2 a pound. that's 12% more than they cost last year. >>> our super bowl excitement is everywhere. this guy made his love for the 9ers permanent this week. check his 9ers tattoo right there on his calf. the die-hard fan got the team logo earlier this week and says he's doing it for his team. >> i'm always going to be a 49er until death. i'm just looking forward a lot of good things to come. >> if you happen to be thinking about commemorating the 9ers for life, allied ink is offering a special the day before the game. 49
CBS
Jan 28, 2013 12:00pm PST
for the economy. there is a relationship between mood and spending and when people do feel good, they spend more. >> reporter: and they feel good right now? >> very good, very excited right now. >> a 9er win would bring positive attention to the city on the national stage plus bragging rights for a long time afterwards. but we need a winner. >>> new developments in the deadly nightclub fire in brazil. three people are now in custody for questioning including one of the club's owners. more than 230 people died and hundreds were hurt in yesterday's early-morning fire in the southern city of santa maria. about 2,000 people were inside the nightclub at the time. double its maximum capacity. now, the club had only one working exit for all those people. security guards initially blocked the door thinking party- goers were trying to leave without paying. investigators are questioning the owner and members of the band on stage when the fire started. the band's pyrotechnics show may have sparked the blaze. >>> fire investigators are also looking into a fire at
CBS
Jan 26, 2013 5:00am PST
is trying to move his agenda ahead as quickly as possible. >> to continue to have the economy recover, to create a stronger foundation for economic drought, and to continue his commitment on civil rights issueses like lgbt rights to take on tasks that require bipartisan support like immigrant reform. >> reporter: they met on friday to talk about immigration reform and he'll take his case on the road next week in las vegas and to force the hand of congress which he fears will not act on his priorities, president obama will spend much of this coming year taking his case campaign style directly to the people. for "cbs this morning" saturday bill plante at the white house. >>> let's take a closer look now at how the president is pressing ahead with his new agenda and how republicans are already reorganizing for the next election. jeff bellamy is with us. nice to have you in the studio with us goochld morning. >> good morning. >> there's a short opportunity for the president and there's a lot on his plate, gun control, climate control, and you have the immigration
CBS
Jan 28, 2013 5:00am PST
of tortilla chips and 51 million cases of beer. >> it is good for the economy. absolutely it's good for the economy. you know, there's a relationship between mood and spending. and when people feel good, they spend more. >> they feel good right now. >> they feel really good right now. very excited right now. >> reporter: fans feeling really good because this is the first time the 49ers have been to the super bowl since 1995. a successful season can also provide some priceless benefits and improve city image. a lot of exposure and most importantly, bragging rights. live in san francisco, elissa harrington, cbs 5. >>> the bragging rights is worth it alone. so go 9ers. so super bowl xlvii as you can imagine is trending big time on all the social media outlets and cbs 5 reporter cate caugiran has more from the newsroom. i need you out here to put that special app on my iphone. i don't know how to do it. >> after this, i will set you up and show you how to download it and you will be all super bowl -- basically, the pinnacle of knowledge. because ri
CBS
Jan 21, 2013 4:00am PST
bought their dream home. >> it felt like the economy was starting to turn and at the same time the interest rates were getting lower and lower. that created a sense urgency. >> reporter: they are hardly alone. here in east los angeles sales have tripped over the year. they're now selling homes faster than they can build them. >> this community is hopping. there's a lot of activity. >> reporter: this real estate agent says it's a stark contrast to the scene here five years ago when the real estate boom went bust. there was a period when this was like a ghost town. >> that's a very good word for it. it was very desolate. i did a lot of short sales, helped people move out of their homes, out of their dream homes, and had nowhere to put them. >> reporter: and now it's exactly the opposite. >> absolutely. now we're seeing it come full circle. >> reporter: and then some. they haven't even furnished their four-bedroom home with a view, but they've already been approached by people asking -- >> are you interesting in selling? i goo, you'll have to talk to my wife. >
CBS
Jan 21, 2013 5:30pm PST
to handle thea republic economy by 15 points.r john thune is a republican senator from south dakota. was this what the republicanrepublican party saying we're going too operate a little differently in a second president obama term?ell, i thi >> well, i think -- i do believe it's a recognition of politicalde reality. the pre we realize the president won the election and i -- so i think to some degree it was a recognition that for us to have a debateav about spending and debt we'vewe got to have the focus be on a and wha budget and what we're going to achieve a balanced budget over time. >> pelley: and that's why thee republicans have attached a caveat to their debt ceiling bill. they want senate democrats to do something they haven't done since 2009: pass a budget putting them on the record about to spend how much they want to spend next year and on what, scott. >> pelley: nancy, thank you. major garrett told us a momentrrett to ago the president cited the newtown tragedy in his inaugural his ina address and calling for new gun control measures but did thees but d president change a
CBS
Jan 22, 2013 5:00pm PST
really, really good news for the new orleans economy. two weeks out and the transformation of jackson square is getting closer to completion. other projects going on all over town, too. small businesses, specially the -- some local breweries apparently gearing up and getting ready for the influx of fans and media. they're just getting ready for dennis, aren't they? >> i am ready to go. bring me the benegts. i spent two weeks there when the 49ers played denver. >> and you made it out alive. >> a long time to be on bourbon street. >> the stories he could tell. >> when we get into the x's and os, we're talking peripheral stuff. but the bottom line, frank gore will be the reason that the niners win the super bowl. last season, he broke the 49ers franchise record for career rushing yards. this year, he added the club's rushing touchdown record to his resume, and now the heart and soul of the 49er offense is headed to his first career super bowl. >> the best day of my life, when my kids came, but you know, this is one of them, man. i'm
CBS
Jan 24, 2013 12:00pm PST
of california's economy is not nearly as good as governor brown paints it mainly because democrats raised taxes retroactively and guaranteed future job losses to add to the millions of californians out of work today. >> reporter: back at the capital the lieutenant governor urged bipartisanship. >> only by risking going too far together can we discover how truly far we can go. >> reporter: as the governor channeled the little engine that could. >> i think i can! and over the mountain the little engine went. we're going to get over that mountain. i have no doubt about it. >> reporter: the governor gave interesting advice to lawmakers rallying against creating new laws. he says we have enough on the books and that is of course after he signed several more himself during last legislative session. anne makovec, cbs 5. >>> surveillance video captured an attempted kidnapping on a camera in a san jose neighborhood this week and now neighbors say they think they know who the suspect is and say he is no stranger to their street. cbs 5 reporter cate caugiran no
CBS
Jan 24, 2013 5:30pm PST
economy. >> you look at the u.s., the fiscal cliff has been avoided, but there are decisions that have to be made in the course of 2013 concerning fiscal deficits, concerning the debt ceiling, which is why 2013 is a make or break. >> reporter: if those decisions are postponed again? >> well, it will be pushing the can down the road yet again, which was a reproach that we made against the europeans, and i don't think that the u.s. should fall in that trap. >> reporter: lagarde says governments and legislators can't be allowed to let up or slip back, that we can't go back to business as usual. >> pelley: anthony, thank you very much. democratic senator dianne feinstein of california introduced legislation today to reinstate the federal ban on assault weapons, but she acknowledged that supporters face an uphill battle. nancy cordes is at the top of that hill tonight in washington. nancy. >> reporter: scott, the bill that she and other democrats introduced today is even tougher than the assault weapons ban that congress let lapse back in 2004. this bill would ban the sale of 157 different
CBS
Jan 25, 2013 4:00am PST
shares declined 1.5% to $27.19 a share. >>> starbucks got a good jolt despite the weak economy. the company reported on thursday a 13% increase in profits for the second fiscal quarter. part of that is due to brisk sales in china where starbucks is expanding. the other big driver is more customers buying food with their coffee. starbucks stock was up 24 cents to $54.81 a share. >>> the nomination process for mary jo white, president obama's choice to head the securities & exchange commission could be a difficult one. mr. obama introduced white on thursday. questions will likely be raised about her time in private practice when she represented companies that have often come before the s.e.c. >>> the u.s. postal service will raise the price of mailing a letter or shipping a package on sunday. a first-class stamp will go up by 1 cent to 46 cents. as in recent years these will be so-called forever stamps meaning they're good for the future, regardless of price changes. >>> and a new twist in a long and costly lawsuit over those popular bratz dolls. an appeals cour
CBS
Jan 27, 2013 6:00am PST
to protect our water. billions in the economy. at chevron, if we can't do it right, we won't do it at all. we've got to think long term. we've got to think long term. ♪ ♪ ai wei wei is an artist who is causing chinese government censors more than a few sleepless nights. rita braver with a portrait of an artist as a dissident unvowed. >> reporter: this may look like a bowl of pearls and this merely a collection of crabs. yet to artist ai wei wei they represent the idea that there is value not just in the group but also in each individual. whether in art or in life. a notion that is not always welcome in china. (speaking chinese) >> embedded in the works whether they are directly political or not i think are his ideas and his desire to see the world change. >> reporter: that attitude can now be seen at the smithsonian's museum in washington. according to chief curator gary brower. was this the first major exhibit in the u.s. of ai wei wei's work? >> yes, it is indeed. reporter: there are whimsical sculptures made of bicycles and antique charless that suggest how old ideas can be transformed
CBS
Jan 22, 2013 6:00pm PST
town. the super bowl, of course, will pump amount of cash into the city's economy. >>> right now to mobile 5 in vallejo. ken bastida inside allied ink tattoo shop. are you getting the kaepernick special? >> we're getting the job done here, allan. as your official super bowl station, we want to bring you the cutting edge news on what's going on in the bay area, getting up to the super bowl. and i mean cutting edge. this is a guy right here, his name is james paterew, getting a 49er tattoo. that's how big a fan he is. we're separating the men from the boys here at allied ink right now. they are actually offering a special for $49. you can come and get a tattoo, any design that you'd like within reason, about the size of your hand. that's going to be happening the day before the super bowl. i want to scoot up here to where james is hanging out, and you got the jersey on, got the hat on and now you got the tattoo on. what is going on with you? >> i'm loving my team and i'm showing them -- showing them my love. >> reporter: this is somethi
CBS
Jan 23, 2013 6:00pm PST
. that's the way this economy works. >> meatballs. >> meatballs. >> it is good on meatballs. >>> coming up in the next half hour oakland's mayor weighs in on the super cop. >> bill bratton is neither the devil which he has been described nor a saviour. >> what's next for the city's consultant and how his role is already changing. >> the losses are in the thousands of dollars. what was stolen from this bay area michelin restaurant? >> and we are continuing to keep an eye on this breaking news out of oakland. a fire near the chinatown area. the latest coming up. shooting from a house near downtown oakland. chopper five is over the 600 block of harriso >>> an update on breaking story. more flames shooting interest a house near downtown oakland. chopper 5 overhead with these live pictures. this is a 600 block of harrison street. in the last few minutes, that fire has sparked back to life. you can see the flames coming from the roof there as they continue the battle. fire crews on ladder trucks working the fire. the oakland, fire department ha
CBS
Jan 25, 2013 5:00am PST
declined almost 2%. >>> and starbucks got a good jolt despite the weak economy. the company reported a 13% increase in profits for the second fiscal quarter. part of that is due to brisk sales in china where starbucks is expanding. the other big driver is that more customers are actually buying food with coffee. they have some good breakfast sandwiches. i don't know if you have tried them. >> i've tried everything there. [ laughter ] >> i'm a card carrying member. >> why not. >> do you mail a lot of letters? you will have to pay another penny to mail out a bill or a letter. >> reporter: that's right. the u.s. postal service is raising the cost of a stamp by a penny to 46 cents for a letter and 33 cents for a postcard. the change will begin this sunday. now, if it seems like the price of stamps went up not too long ago you're right. it was one year ago this week actually when we saw the last one cent increase. the hike comes as the postal service continues to struggle to make money. i think i have like three books of holiday stamps that i'm goi
CBS
Jan 25, 2013 6:00am PST
's economy. but some of the best minds in finance say it all hinges on america. >>> the storey gets more strange for manti te'o and for the first time we hear from the person who pretended to be his girlfriend. >>> we begin this morning with a look at today's "eye opener," your world in 9 0 seconds. >> it's not about keeping bad guns out of the hands of good people. it's about keeping all guns out of the hands of bad people. >> the white house takes new aim at gun control. >> yesterday congressional democrats introduced a plan to ban assault weapons. >> we have had enough. these weapons do not belong on the streets. >> the reason you find so many of us very reluctant is we believe each step down this road leads to the next step and the next step and the
CBS
Jan 22, 2013 7:00am PST
earned a diploma within four years of starting high school. analysts say the soft economy may be one reason that more students are staying in school. >>> good morning, one last dry day before it looks like we head back to some wintry weather outside. enjoy it while it's around. until the san jose area, we have clear skies, a few high clouds drifting well overhead, but more clouds are on the way. you can see them gathering off the coastline. it will stay dry but by tomorrow that all changes. a chance of rain returning to the bay area. 50s and 60s for highs today. showers tomorrow. >> announcer: this national weather report sponsored by safe haven, starts valentine's day. >>> prince harry returns from afghanistan saying he fought killed taliban fighters. he also says it was a relief to be one of the guys. this morning, the prince talks about army life and response to that las vegas photo scandal. >>> and millions of people want to work for google. a company that will do almost anything for employees. >>> should we whisper out here? >> i think so. no workplace i
Search Results 0 to 24 of about 25